Commodities and indices trading is one of the most popular modern types of earning additional income on the Internet. However, before starting work in the field of trading, it is worth familiarizing yourself with the main platforms where this can be done. Among many different platforms stands out Binomo. Meet – honest review of the Binomo trading platform with its features, advantages, and subtleties of work. Thanks to it, you can understand whether it is a scam or not and if it’s legal in India.
The platform’s history of development
In the trading market, this platform arose in 2014. Initially, Binomo was not considered a promising platform for traders, since it used a standard and not the most convenient set of tools. However, the developers and authors of the project quickly realized their mistakes and figured out the direction in which it is best to move. Therefore, their systems were quickly revised and adjustments were made. As a result, a year later Binomo confidently entered the rating of the most reliable and promising trading platforms in the CIS.
How did Binomo become so successful? Everything can be easily explained. The platform has been qualitatively modernized. The trading platform was equipped with a good set of useful tools. Among the other innovations of the broker that attracted customers, it is worth noting:
- interesting bonus programs;
- intuitive interface;
- accurate quotes;
- timely withdrawal of earnings.
That’s why Binomo turned out to be a very popular trading platform.
Main benefits of Binomo
The Binomo broker, whose official website can be reached via link binomo.com has several unique advantages.
Among other features and advantages of the company, the platform is an “A” member of the International Financial Commission. Why is this so important? The fact is that such a license ensures the security of cooperation with Binomo. This confirms the protection of users’ funds at the legislation level. That is why fraud on Binomo is impossible in principle.
The official website, located at https://binomo.com/in, and the broker’s trademark itself are owned by Dolphin Corp, a parent company registered in St. Vincent and the Grenadines. Moreover, all relevant information on the registration of the company is located in a public domain. It is attractive that the Binomo platform adheres to the classical rules with regards to:
- deposit storage;
- managing them;
- mutual settlements, etc.
Of particular note is the way to store the personal data of Binomo customers. This trading company protects them along with many banking organizations. To do this, the site uses a special SSL protocol. Among traders, Binomo is considered an international class platform. That is why users are offered a mobile version of the service, which in 2019 gained wide popularity.
Main positions of Binomo functioning
The Binomo platform has become incredibly in demand since 2018. At this time, a variety of reviews about this project began to appear on the Internet. But it is worth noting that not all of them turned out to be positive. Not 1 or 2 comments of former clients were negative. But it doesn’t worth giving much importance to them, since most of the bad reviews are frankly custom-made and written in the same pattern.
Also, some negative comments were left on the Internet by traders who didn’t understand how trading works, and they attributed their failures to the “imperfection” of the platform. Commenting on them is pointless. Such new traders should only study and practice more. Then they can make additional income through Binomo trading. They can also educate themselves on the Binomo website. Binomo offers tutorials and education to assist traders through their trading journey.
However, various great reviews were also left on the Internet. They were based on the:
- comfortable conditions on the website;
- application of the latest exchange technologies;
- honest attitude towards users;
- increased security level, etc.
On a note! The most important thing for clients to note is that Binomo is safe and therefore not a scam.
Support and training at Binomo
One of the unique features of the Binomo company is the support and retention of traders. The site has developed an excellent support service, presented by:
- manager assistant via phone (for Gold/VIP clients);
- online chat.
Therefore, even a new trader may not worry that he is left alone with his problem.
Also, a high-quality training system with online lessons and a demo account is available on the site. With their help, new traders can learn how to use indicators, and virtual advisors before trading with their real funds. Also at Binomo, customers are offered bonuses, detailed analytics, and a set of free tools for professional trading.
The simplicity of opening an account at Binomo
Another important point that attracts users of this trading platform is the ease of opening an account. But to sign in, one needs to go to the official Binomo website and register. Wherein, the moment of registration of a new trader implies an indication of:
- email address;
- currency selection.
After that, it is necessary to put a “tick”, which confirms agreement with the working conditions.
On a note! When choosing a demo account, a deposit of 10000 dollars is immediately deposited into your demo account.
Other benefits of Binomo
What else makes the Binomo broker so attractive? Everything is so straightforward. It sets the same starting conditions for all traders. Also, traders are able to participate in tournaments. Such tournaments are both paid and free, but the figure for earnings achievable depends on the type of tournament.
Binomo also has a very effective cashout mechanism. One can withdraw earnings without problems. Also, one can work not only with major currencies but also with cryptocurrency, and other e-wallets. You can also download the Binomo app on App Stores or download the Binomo APK on the Binomo website to place trades on the go!
You can trade a lot of commodities on the Binomo platform.